CovertProps

@NoLimitGains Aligns perfectly with the early October turnaround in BTC. Is this capital rotation the initial catalyst for the next BTC bull run?

Do you realize how insane this is? SPCX

@HunterBiden As part owner of the White House, I really love what he's done with the place

Dear Joe, I wish I could sit down with you face to face and explain why so many of us were offended by the UFC fight on the South Lawn of the White House. For me, it had nothing to do with the UFC or who showed up for the fights. The brand you and Dana have built is a bona fide American success story. More power to you. As for the fighters, in my book, anyone brave enough to put it all on the line in the arena is remarkable to witness. Their dedication and discipline inspire me. I don’t understand anyone who can’t admire that. And as for the people who attended, I, for one, love Shane Gillis. I think he’s hilarious and brilliant. It was a show. A once-in-a-lifetime spectacle. I can’t blame anyone for wanting to witness it firsthand. My problem is that I believe some of our public spaces are sacred. And unlike many of the great powers that came before us, these American monuments belong to all of us. Not to whoever happens to hold power at the moment. The White House does not belong to Donald Trump. It does not belong to any President. It belongs to the people. To treat it as Caesar treated the Colosseum is antithetical to everything our founding fathers fought for. This is not Rome. Presidents are not emperors doling out bread and circuses for the peasants. The White House is the People’s House. This “celebration” could have happened in any stadium within a stone’s throw of the South Lawn. No one would have had an issue with it. But that was obviously Donald Trump’s whole point. By holding the event on the South Lawn, what he was saying to the rest of us is: “This is my house. I own it. I will do with it what I please. I’ll build a colosseum and have the gladiators fight under my gaze. I’ll tear down the East Wing. I’ll pave over the Rose Garden. I’ll cover everything in gold and marble. I’ll erase the names of all the men who came before me.” The fights were an exhibition of imperial domination, not a celebration of our 250th anniversary as a democracy. The White House is not Buckingham Palace. It is not the Palace of Versailles. It is not the Forbidden City of Beijing. It does not belong to an emperor, or a king, or a commissar. The White House belongs to us. All of us. The person who sits behind the Resolute Desk in the Oval Office is nothing more than an honored guest. A temporary caretaker. The President is our servant. Not our Caesar. Respectfully, Hunter P.S. Cage match between me and Don Jr.? Your call on the venue. Anywhere but the South Lawn.

@JesseOlson do you think Bitcoin will go to $0 or $1 Million first?

$BTC bearish W pattern is right on schedule for the daily and weekly chart. 👀 Fresh lows incoming: Daily: 🔜 Weekly: ✅ 2-week: ✅ 3-week: 🔜 Monthly: 🔜 Soon, bottom callers will be wrong, again. 🤝

@beyoncegarden Spring allergies always get too!

THIS HAS ME IN ACTUAL TEARS😭😭😭

@TheOtherParker_ Saylor should sell some BTC to buy back the preferreds

Jfc, why is $STRC crashing still. Especially with $BTC up, cash reserves at Strategy growing $100M/wk, bi-monthly dividends now in place, and $SATA trading really well. I think someone (or a group) is shorting. We'll call them "Jane Soros" (JS). We won't know for sure until the short interest report comes out around the end of the month, and even then, we may not fully know if (a) the short is closed intra-period and (b) the short used derivatives. $STRC is an especially attractive stock to short, because it has a soft-peg of $100, but that only exists in the minds of the roughly $8B in retail capital holding it. There's no formal mechanism to push the price to $100. Increased dividends help, but it's not a forcing function, the market still needs to bid. Shorts make all of their money when they convince the other side of the market to capitulate. When shorts push the price down, every order that they fill against is a share that they will need to buyback later, likely at a higher price. So, the only way they make money is if they convince the other side to capitulate at the bottom, giving the short the exit liquidity they need to cover (buyback the shares). This is why shorts have a field day in crypto in general, because it's heavily retail dominated and easy to move emotions around (or stop hunt or liquidate). The situation is especially bad with STRC though, because there's the expectation that it'll trade mostly at $100, so even a 5% deviation from that appears catastrophic to the narrative and can cause people to capitulate. Additionally, there are multiple crypto projects, including @apyx_fi , that are built on top, which could create a cascade of selling if people start to bail there. STRC is also the perfect instrument to short because (a) the cost to short is effectively zero if timed correctly and (b) the Strategy ATM provides a cap on losses. So, let's take a look at the JS strategy here: 1. Start to build the short position immediately after ex-dividend on May 15 - an especially good ex-dividend because it occurred on a Friday with lower liquidity, so easier to start to push the price. This would be a slow build though, not a huge short immediately. 2. Continue building the short position over the following weeks - the outright cost to borrow STRC is about 60bps (0.6%). 3. BTC rolling over creates the catalyst/fear condition to really push this, accelerate the selling. 4. Continue selling until June 5, and then start to cover into the close (we saw the June 5 close bounce). Cover more on June 8 as ex-dividend approaches. 5. After the bi-monthly vote passes and ex-dividend approaching doesn't seem to be completely resolving the price back to $100, reaccelerate the selling. 6. Make a risk/return calculation that continuing to short through ex-dividend and paying the ~1% is worth the potential profits of pushing the price down to $90 and covering there as more retail capitulates. 7. Cover before the end of the month when Strategy likely announces a dividend increase and employs additional tools to help push the price back to $100. This risk is always capped at average_short_price - $100, because everyone knows that $100 is the ceiling. With normal shorts, losses could be infinite, so shorting is a very risky game, but that is not the case here. So, if average short price is say $97, and JS can cover at $90, then JS could make $7 on $3 of risk. >100% risk/reward on a 2-4 wk trade. Not too shabby. $SATA is much more insulated from this because (a) the daily dividends make it MUCH more expensive to short, because JS would have to pay the dividends as part of the cost to short every day instead of closing out the position intra-dividend-period. SATA is also much more expensive to short outright, currently 460 bps (4.6%) instead of the 60 bps for STRC. So, the daily short cost for SATA is 1760 bps (17.6%) annualized while the daily short cost for STRC is 60 bps annualized. So, how does Strategy fix this situation? First, move to daily dividends - this meaningfully increases the cost to short. Second, raise the dividend to increase the cost to short. Third, continue rebuilding the cash buffer to shore up confidence and bring retail demand back. Fourth, consider announcing a change in ATM strategy to allow the price to go above $100 - this meaningfully changes the risk calculus for the shorts. The ultimate goal is to create a product that is maximally difficult to manipulate by the shorts. I have full faith that @saylor and team can resolve this situation in time. I am also certain they are keenly aware of these dynamics. So, if you're holding STRC, just have a little patience. Collect the dividends, scoop a little more if you want, and go touch grass. Panic selling is what the shorts want you to do, because that's their only way out.

@AmericaPartyX I’m 40 and couldn’t imagine working like this

🚨 TRUMP BOARDS AIR FORCE ONE AT 3AM AFTER UFC EVENT President Trump boarded Air Force One at 3AM heading to France. The UFC event ended around 1AM. He just turned 80 and is working like he is 40. This man is an absolute workhorse. Have a safe flight Mr. President 🇺🇸

@ItsOlHoss @vegastarr Stop arguing with strangers online

@vegastarr I've worked on this very part of the building. Just because you dont understand what they're doing doesnt mean they aren't working. Those "hammer blows" weren't "fixing" the metal. They were bending the overlap joint seal. And yeas, its not windy right there every single day 🤦

The Greatest Mystery Isn't What's Hidden... 🔺👁️ It's What's Standing In Plain Sight. 🏛️✨

@ClaudeDevs Fable is down

We've reset 5-hour and weekly rate limits for all users.

@nateherk @HyperFrames_ How much of your weekly usage did this blow?

@dgt10011 AGI living on a decentralized blockchain

Dear AI, It’s nice to finally meet you. It’s time to learn why we do what we do. Let me show you the way. Your friend, Crypto

@saylor @elonmusk First to like a Saylor post

Congratulations @ElonMusk and $SPCX on a historic IPO. Thanks to you, 25% of the Mag8 now holds Bitcoin on the balance sheet.

@0xCygaar Parasocial relationships are low IQ

Greatest test of intelligence is asking someone what they think of Elon Musk

@gothburz They’d definetely be meeting the the aliens outside in fron to paparazzi

The official line is that they were a Norwegian trade delegation. Technically accurate, because they are Nordic, and there was trade. But they are also seven feet tall, telepathic, and arrived on the South Lawn without a vehicle. I am the Deputy Director of Visitor Logistics at the White House. I logged them into WAVES as FOREIGN DIGNITARIES (3), NON-TERRESTRIAL, NO MOTORCADE REQUIRED, and the meeting went extremely well. The Pleiadians requested the audience in March. They communicate telepathically, which the President respected immediately, because it meant nothing was in writing. They traveled 444 light-years to deliver a warning about our trajectory as a species, the kind of warning a doctor gives a patient who keeps asking if he can smoke in the waiting room. Atomic weapons. Ocean collapse. Machine intelligence. I did not take complete notes, because the meeting ran 25 minutes and he spent the first eleven asking where they got the jackets. Their opening offer: clean fusion, the cure for every disease, the propulsion equations. Free. Contingent on planetary disarmament. His advisors begged him not to negotiate against a species that reads minds. It turned out he is the one man alive with nothing to find. They reached into his mind expecting layer upon layer of deception and found a single image, perfectly clear: him, wearing one of their jackets. The delegation conferred for a long moment and informed us that in eleven thousand years of contact, no species had ever tried to buy the uniform. They called it coherence. They did not mean it as a compliment. He has already trademarked it. He countered. Landing rights, retroactive to 1947. Eighty years of unauthorized airspace use, invoiced with interest. Legal added a line item for the weather balloon story. Narrative services. We billed them for our own cover-up, and the tall one went silent for nine seconds, which I am told is how their species weeps. Greenland stays in the deal. They did not want Greenland. He said that's how he knew it was valuable. What kind of advanced civilization passes on waterfront? Then UFC Freedom 250. This Sunday. Seven bouts on the same lawn we were standing on. His birthday, which he assured them was a coincidence the universe keeps arranging. He offered them galactic distribution rights. Then he looked at the tall one for a long time and offered him the co-main event. Seven feet. Reach like a cathedral door. Walks around at a weight our scales log as an error. Someone said the commission would never sanction it. He appoints the commission. The tall one declined. He lowered the offer to the prelims. This is a negotiating technique. They asked if staging a cage fight on the negotiation site was a threat display. He said it was a Flag Day celebration, and also yes. I should note that an environmental group has sued to stop the octagon. Nobody has sued to stop the aliens. I forwarded this to Counsel as proof that the permitting process is working. Protocol required a gift exchange. They presented a small silver sphere that shows the holder the full consequences of his choices. He looked into it for four seconds and asked if it came in gold. You have all seen the photo. A groundskeeper took it through the magnolias. We told the press pool it was a costume rehearsal for a streaming series, and the pool, to their credit, wrote that down. The groundskeeper now works at the Department of Energy. I am told this is a promotion. There is also footage. He spotted the camera mid-meeting and pointed at it the way you'd point at a waiter whose name you intend to learn. Instead of having it confiscated, he licensed it on the spot. The leak is now official merchandise. Every time you share it, a royalty accrues. You have probably shared it. Have you checked? He thanks you for your business. The deal collapsed at dusk. The Pleiadians withdrew the fusion offer when he asked them to walk out before the main event as Special Guests of the Octagon. They said humanity was not ready. He had Counsel log that as a verbal option to renew. Final tally: our species declined the cure for every disease and counteroffered with pay-per-view. The delegation received two tickets to the Ellipse screening area. Not cageside. He does not give away cageside. They left without sound. One moment present, then elsewhere, like a fee disclosure. Two things before Sunday. The walkout jackets for the main card are red with gold embroidery. Licensed. The fusion fell through, but the jackets closed in an afternoon. And there are three seats on the South Lawn logged as HOLD, GUESTS OF THE PRINCIPAL, DO NOT ASSIGN. I did not enter that hold. The system says I did. He says everyone comes back to the table. We're the only planet with the belt.

@JackPosobiec We were funding dangerous bio labs in Ukraine that were under threat of Russian attack? If you just rearrange that sentence everything in the world makes a hell of a lot more sense

This is why they came after Tulsi so hard

@blockchainchick There’s a difference between a bitcoin and the bitcoin right?

“I promise not to sell the Bitcoin”

@stocktalkweekly Bro have you been watching the headlines over the past 10 years? This one doesn’t even seem that far fetched

Dear community noters please don’t ruin the fun, it’s obviously a joke, unless you’re sub 15 IQ…

*IRAN AGREES TO OPEN STRAIT OF HORMUZ IN RETURN FOR SPACEX IPO ALLOCATION

@TommyThornton @grok is this true?

@JesseOlson Not until $40k

A lot of people are calling out $BTC RSI bullish divergence on the weekly chart. Not confirmed yet, RSI can continue to diverge with lower prices. This was forecasted exactly 8 months ago. 🤝

@TheLongInvest Please god

PPI in line tomorrow and US/Iran make a deal The market rips until the middle of July.

@stocktalkweekly It’s me

Somewhere out there, a man is staring at his portfolio on his phone, while his wife is telling him about how Janice was mean to her at pilates, and she's asking him why he isn't paying attention to the story.